A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.3% How much interest will the customer earn in 30 years

Answers

Answer 1

Answer: 117,000

The formula for simple interest is A=P(1+rt)
A is the final amount
P is the initial amount
r is the rate
t is the amount of time

If you plug the information given into the formula:

3,000(1+1.3•30)=120,000

3,000 is the initial amount
1.3 is the rate
30 is the amount of time
120,000 is the final amount

The question asks how much interest the customer will earn, not what the final amount in the account will be.

Given that, you would subtract the initial amount to find out how much the customer earned.

120,000-3,000=117,000

hope this helps!

Related Questions

Can someone solve plzzz .

Answers

Answer:

you have to use multiplication maybe division and addition

Step-by-step explanation:

Is that the right answer

Answers

Answer:

Yes

Step-by-step explanation:

Loss=(C.P)-(S.P)

C.P= x and S.P= y

Loss= x-y

Loss= $(x-y)

What is the solution of the system of equations?
PLS RESPOND ITS AN EMERGENCY

Answers

Answer:

D) (4, -6, -1)

Zoey is having a party for 10 friends.2 If each friend eats 1/2 pounds of chips, how many pounds of chips will Zoey need?
A. 6 pounds
B. 4 pounds
C. 5 pounds
Someone help me

Answers

Answer: C

Step-by-step explanation: 10 times 1/2

Answer:

C. 5 Pounds

Step-by-step explanation:

Total of 10 friends divide that by 2 you get five so you would do 5 times to would be 10 (sorry if i explained that weirdly)

6) Bill is three times older than Kevin. He is also 28 years older than Kevin. How old are they?

Answers

Answer:

If bill is 28 years older than him, but also 3 times older than him, then you divide 28 by 3, which gives you 9.3. So that means kevin is around 9 1/4 years old and bill is around 37 and 1/4 years old, but you dont ahve to count the fraction if you dont want to, all that matters is the whole number.

Step-by-step explanation:

Bill is 42, while Kevin is 14 years old

Represent Bill's age with B, and Kevin's age with K.

So, we have the following equations

B = 3K and B = 28 + K

Substitute 3K for B in the second equation

[tex]3K = 28 + K[/tex]

Collect like terms

[tex]-K + 3K = 28[/tex]

[tex]2K = 28[/tex]

Divide both sides by 2

[tex]K = 14[/tex]

Substitute 14 for K in the first equation

[tex]B =3 \times 14[/tex]

[tex]B =42[/tex]

Hence, Bill is 42, while Kevin is 14 years old

Answers

The value of the gift card declined by $37.40.

The total cost of all the items purchased has to be determined.

Total cost of pens = $1.57 x 1 = $1.57Total cost of pencils = $1.98 x 2 = $3.96Total cost of folders = $0.75 x 6 = $4.50 Total cost of highlighter: $3.45 x 1 = $3.45Total cost of notebooks: $2.95 x 5 = $14.75Total cost of binders: $3.55 x 2 = $7.10Total cost of paper: $0.69 x 3 = $2.07

The sum of these items is $37.40

Change in value = value of the gift card - cost of items

$50 - $37.40 = $12.60

A similar question was answered here: https://brainly.com/question/19891026

Answer:

Total cost of pens = $1.57 x 1 = $1.57

Total cost of pencils = $1.98 x 2 = $3.96

Total cost of folders = $0.75 x 6 = $4.50

Total cost of highlighter: $3.45 x 1 = $3.45

Total cost of notebooks: $2.95 x 5 = $14.75

Total cost of binders: $3.55 x 2 = $7.10

Total cost of paper: $0.69 x 3 = $2.07

The sum of these items is $37.40

Change in value = value of the gift card - cost of items

$50 - $37.40 = $12.60

Step-by-step explanation:

What are the zeros of the function what are their multiplicities?

Answers

A zero has a "multiplicity", which refers to the number of times that its associated factor appears in the polynomial. For instance, the quadratic (x + 3)(x – 2) has the zeroes x = –3 and x = 2, each occuring once.

Korey completely covered a square counter top using 103.5 ftof tile without any overlap.
Which measurement is closest to the side length of this counter top in feet?
10 ft
O 11 ft
O 27 ft
O 55 ft

Answers

Answer:

10 ft

Step-by-step explanation:

10² = 100

11² = 121

Answer: 10 ft

Which point is a solution for the inequality 3x – 2y < 5

a (3, 2)

b (2, 3)

c (5, 2)

d (8, 5)

how do I solve this?

Answers

You can solve this by substituting each x value and y value into the inequality to see if they work. If they do, that point is a solution.

3*3 - 2*2 < 5
9 - 4 < 5
5 < 5
False

3*2 - 2*3 < 5
6 - 6 < 5
0 < 5
True

3*5 - 2*2 < 5
15 - 4 < 5
11 < 5
False

3*8 - 2*5 < 5
24 - 10 < 5
14 < 5
False

B. (2, 3) is the only point that worked, so that is the answer! :D

find slope and y intercept
x + y = -2

Answers

Answer:

slope =1 and y intercept = -2

Step-by-step explanation:

Find Slope and Y intercept

Slope and Y intercept

x+y=-2<-- subtract x to get y alone

y=-x-2

Thus slope is 1/1 or 1

and y intercept is -2

Answer:

-1

Step-by-step explanation:

y=mx+c m=slope

c=y intercept

y=-x+2

so the slope is -1 and intercept of 2

Please help me! Im making the first correct answer brainliest!

Answers

Answer:

You didn't ask a question.

Step-by-step explanation:

Please help me. What is 5 3/4 - 2 11/12? I'm almost done for the year

Answers

Answer:

2.83

Step-by-step explanation:

before going on the last part of her journey. Hannah needed to rest and eat alot of the food. she ate 2 7/12kg of meat and another 4/12kg of fruits how much food did she eat in total?

Answers

Answer: 2 11/12 kg

Step-by-step explanation:

add the fractions and the the two(2)

HELP - John uses 1/3 cup of orange juice for every 1/6 cup pineapple juice for fruit punch. Write the number of cups of orange juice John uses for 1 cup of pineapple juice.

Answers

to make cups of pineapple equal to 1, multiply by 6, also do it to orange juice. 1/6 x 6=1 cup pineapple, 1/3 x 6=2 cups orange

BATTERY LIFE The battery life of a certain cell phone starts at 8 hours. The battery life decreases at an annual rate of 30%.

a. Write a function that represents the battery life y after x years.

Answers

Answer:

[tex]y=8(0.7)^x[/tex]

Step-by-step explanation:

Next, the battery life decreases by 30% per year. You didn't state if this is linear or exponential, so I'll assume exponential because linear doesn't make much sense in this case..

For an exponential function, the battery life will be decreasing by 30% over the previous year, not over the original. Decreasing by 30% is multiplying by 70%, or just 0.7.

Exponential form:

[tex]y=a(b)^x[/tex]

where a is the original value and b is the percent change.

In your question:

[tex]y=8(0.7)^x[/tex]

The function that represents the battery life y after x years is y = 8(0.7)ˣ.

What does exponential function ?

A quantity grows (or depreciates) exponentially if the increase (or decrease) in the amount is a multiple of the previous amount.

Now it is given that,

Battery life starts = 8 hours

Annual decrease rate = 30% = 0.30

So, battery life after an year = 100% - 30% = 70% = 0.7

Now if battery life y after x years

Annual decrease rate after x years = (0.7)ˣ

Thus battery life, y = 8(0.7)ˣ

Thus, the function that represents the battery life y after x years is y = 8(0.7)ˣ.

Learn more about exponential functions at

brainly.com/question/11464095

#SPJ2

PLZ HELP ASAP! I GIVE BRAINLIEST AND POINTS!
please dont post links

Find the value of the monomial.
5x^3 for x = 0.5

Answers

Answer:

⁵/₈

Step-by-step explanation:

x = 0.5

5x³ = 5(¹/₂)³

5x³ = 5(¹/₈)

5x³ = ⁵/₈

I need help asap please!

Answers

It’s asking if AED is congruent to ABC. The answer would be Yes. Triangle AED is congruent to triangle ABC.

PLSSSSS HELP MEEEEEE DUE TODAY!!!!!

Answers

Answer:

4/5 or .8

Step-by-step explanation:

. Suha has a full 600 ml bottle of wallpaper remover. She is going to mix some of the wallpaper remover with water. Here is the information on the label of the bottle. Wallpaper remover 600 ml 1 Mix of the wallpaper remover 4 with 4500 ml of water Suha is going to use 750 ml of water. How many millilitres of wallpaper remover should Suha use? You must show your working.

Answers

Answer:

25ml of wallpaper remover

Step-by-step explanation:

(y = amount of wallpaper remover)

4500×4 = 18000

18000:600

750 : y

18000y = 600×750

18000y = 450000

y = 450000÷18000

y = 25

2x =3 solve for x in this equation

Answers

Answer:

the answer is 3/2

Step-by-step explanation:

2x =3

x= 3/2 when you divide both sides by 2

Answer:

I might be wrong but 1 and 1/2

Step-by-step explanation:

I divided both sides by 2 to isolate the x

I got x = 3/2 which also equal 1 1/2

5 - 6 - 9 - 8 - 5 - 4 + 5 - 5 -5 -5 - 32 = ?

Answers

5 - 6 = -1

-1 - 9 = -10

-10 - 8 = -18

-18 - 5 = -23

-23 - 4 = -27

-27 + 5 = -22

-22 - 5 = -27

-27 -5 = -32

-32 -5 = -37

-37 - 32 = -69

Answer = -69

A sampling approach in which everyone in the population has an equal chance of being selected for participation is termed _____ sampling.

Answers

Answer:

Random Sample

Random Sample: Each member of the entire population has an equal chance of being selected. Simple Random Sample: You can select groups of size n from the entire population, and every possible group has the same chance of being selected.

Step-by-step explanation:

solve pls brainliest

Answers

Answer:

0.2% as a decimal is 0.002, 3.71 as a percentage is 371%

(6x + 4) - (3x - 2) simplify

Answers

Answer:

9x -2

Step-by-step explanation:

6x + 4 - 3x - 2

6x + 3x +4 - 2

9x -2

Answer:

3x + 4

Step-by-step explanation:

(6x + 4) - (3x - 2) simplify

(6x + 4) - (3x - 2)=

6x + 4 - 3x + 2

3x + 6

Celeste wants to have her hair cut and permed and also go to lunch. She knows she will need $68. The perm costs twice as much as her haircut and she needs $5 for lunch .

Answers

Let P=Perm cost
Let H = Haircut cost
Let L = Lunch cost

Perm costs twice as much as haircut so.. P = 2H
L = 5

H + P + L = 68 the total cost is $68

H + 2H + 5 = 68 since P = 2H and L=5

3H + 5 = 68

3H =63

H = 63/3

H = 21

A Haircut is $21
Perm = 2H = 2(21) = $42

Answer:

42 dollars

Step-by-step explanation:

2h+h+5=68

3h+5=68

3h=63 divided by 3

21*2=$42

What must be true about two objects of heat is flowing between them?

Answers

Answer:

that must mean that either the objects are giving off heat or the heat from one object is transferring to the air

Step-by-step explanation:

Answer:

The objects must be different temperatures.

Step-by-step explanation:

What's the Area of rectangle with Width=200 Length=400

Answers

Answer

80000

Step-by-step explanation:

200×400

=80000

a polygon has a interior angle 172
find the number of sides of this polygon

Answers

Answer:

45 sides

Step-by-step explanation:

exterior angle + interior angle = 180° , that is

exterior angle + 172° = 180° ( subtract 172° from both sides )

exterior angle = 8°

The sum of the exterior angles of a polygon = 360°

To find the number of sides n , divide 360° by 8°

n = 360° ÷ 8° = 45

Answer:

45 sides

Step-by-step explanation:

If each of the interior angles is 172 degrees, then each of the exterior angles is 8 degrees. Since the sum of the exterior angles of any polygon is 360 degrees, there are 360 / 8 = 45 exterior angles and 45 sides

According to the text, approximately what percentage of college students drop out before obtaining a degree

Answers

Answer:

40% but there is no article so I looked it up

Step-by-step explanation:

Please help with this question thank you (proper answers only)

Answers

Answer:

...... ANSWER IS IN THE PICTURE

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A new bank customer with ​$3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.3% How much interest will the customer earn in 30 years

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A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.3% How much interest will the customer earn in 30 years